Harwood Feffer LLP Announces Investigation of Archipelago Learning, Inc.

NEW YORK, March 5, 2012 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Archipelago Learning, Inc. ("Archipelago" or the "Company") (NASDAQ: ARCL) concerning the agreement to be purchased by Plato Learning ("Plato") in a transaction valued at approximately $291 million. 

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On March 5, 2012, it was announced that Plato and Archipelago had entered into an agreement pursuant to which Plato will acquire Archipelago.  Under the agreement, Archipelago shareholders will receive $11.10 per share held.  The offer price represents a small premium over the closing price of Archipelago shares on the last trading day before the deal was announced and virtually no premium over the trading high during the past year.

Our investigation concerns whether the board of directors is fulfilling its fiduciary duties, maximizing the value of Archipelago, disclosing all material benefits and costs and obtaining full and fair consideration for Archipelago shareholders. 

If you own Archipelago shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Matthew M. Houston, Esq.
Benjamin Sachs-Michaels
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: mhouston@hfesq.com  
bsachsmichaels@hfesq.com
Website:  http://www.hfesq.com

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

Attorney Advertising. © 2012 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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